Old Second Bancorp, Inc. (OSBC) to Distribute Quarterly Dividend of $0.07 on August 10th

Old Second Bancorp, Inc. (NASDAQ:OSBC) declared a quarterly dividend on Tuesday, July 21st. Stockholders of record on Friday, July 31st will be given a dividend of 0.07 per share by the financial services provider on Monday, August 10th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, July 31st.

Old Second Bancorp has increased its dividend payment by an average of 0.4%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Old Second Bancorp has a payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Old Second Bancorp to earn $2.33 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 12.0%.

Old Second Bancorp Stock Performance

NASDAQ:OSBC opened at $25.22 on Wednesday. The stock’s fifty day moving average is $22.52 and its 200 day moving average is $21.15. Old Second Bancorp has a fifty-two week low of $16.42 and a fifty-two week high of $25.23. The firm has a market capitalization of $1.30 billion, a PE ratio of 14.49 and a beta of 0.70. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.90 and a current ratio of 0.90.

Old Second Bancorp (NASDAQ:OSBC) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. Old Second Bancorp had a net margin of 20.22% and a return on equity of 12.85%. The company had revenue of $96.59 million during the quarter, compared to analyst estimates of $94.88 million. On average, sell-side analysts anticipate that Old Second Bancorp will post 2.2 earnings per share for the current year.

Old Second Bancorp Company Profile

Old Second Bancorp, Inc is a bank holding company based in Aurora, Illinois, serving businesses and consumers through its primary subsidiary, Old Second National Bank. The company provides a broad range of commercial and retail banking services across the suburban Chicago marketplace, supported by a branch network and online platforms designed to meet the financial needs of local communities.

In its commercial banking division, Old Second offers lending solutions that include lines of credit, term loans, equipment financing and commercial real estate financing.